17.12.2015, 22:12
MTS Repurchases Series 03 Ruble Bond
OREANDA-NEWS. Mobile TeleSystems PJSC ("MTS" or "the Company" – NYSE: MBT; MOEX: MTSS), the leading telecommunications provider in Russia and the CIS, announces the repurchase of the series 03 ruble-denominated bond ("the bond") in the amount of approximately RUB 135.2 mln
The RUB 10 billion series 03 ruble-denominated bond with maturity on June 12, 2018, and a two-year put option was issued on June 24, 2008. The coupon was to be paid semi-annually at the rate of 8.70% for the 1st-4th coupons and at the rate of 8.00% for 5th-10th coupons. On June 05, 2013, the Company changed the coupon rate for the 11th coupon to 7.00% with a six-month put option. On December 09, 2013, the Company changed the coupon rate for the 12th and 13th coupons from 7.00% to 7.50% with a one-year put option. On December 05, 2014, MTS changed the coupon rate for the 14th and 15th coupons from 7.50% to 12.00% with a one-year put option. On December 9, 2015, MTS set a new 10.00% coupon rate for the coupon payments to be made on the series 03 ruble-denominated bond until maturity.
Gazprombank, the Lead Arranger of the Bond, acted as the Repurchase Agent.
The bond is included in the 1st level quotation list on the Moscow Exchange.
Mobile TeleSystems PJSC ("MTS" - NYSE:MBT; MOEX:MTSS) is the leading telecommunications group in Russia, Central and Eastern Europe. We provide wireless Internet access and fixed voice, broadband and pay-TV to over 100 million customers who value high-quality of service at a competitive price. Our wireless and fixed-line networks deliver best-in-class speeds and coverage throughout Russia, Ukraine, Armenia, Turkmenistan, Uzbekistan and Belarus. To keep pace with evolving customer demand, we continue to grow through innovative products, investments in our market-leading retail platform, mobile payment services, e-commerce and IT solutions.
The RUB 10 billion series 03 ruble-denominated bond with maturity on June 12, 2018, and a two-year put option was issued on June 24, 2008. The coupon was to be paid semi-annually at the rate of 8.70% for the 1st-4th coupons and at the rate of 8.00% for 5th-10th coupons. On June 05, 2013, the Company changed the coupon rate for the 11th coupon to 7.00% with a six-month put option. On December 09, 2013, the Company changed the coupon rate for the 12th and 13th coupons from 7.00% to 7.50% with a one-year put option. On December 05, 2014, MTS changed the coupon rate for the 14th and 15th coupons from 7.50% to 12.00% with a one-year put option. On December 9, 2015, MTS set a new 10.00% coupon rate for the coupon payments to be made on the series 03 ruble-denominated bond until maturity.
Gazprombank, the Lead Arranger of the Bond, acted as the Repurchase Agent.
The bond is included in the 1st level quotation list on the Moscow Exchange.
Mobile TeleSystems PJSC ("MTS" - NYSE:MBT; MOEX:MTSS) is the leading telecommunications group in Russia, Central and Eastern Europe. We provide wireless Internet access and fixed voice, broadband and pay-TV to over 100 million customers who value high-quality of service at a competitive price. Our wireless and fixed-line networks deliver best-in-class speeds and coverage throughout Russia, Ukraine, Armenia, Turkmenistan, Uzbekistan and Belarus. To keep pace with evolving customer demand, we continue to grow through innovative products, investments in our market-leading retail platform, mobile payment services, e-commerce and IT solutions.
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